Is Apollo Pipes overvalued or undervalued?

As of 17 October 2025, the valuation grade for Apollo Pipes has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 47.01, an EV to EBITDA ratio of 15.56, and a Price to Book Value of 1.94. In comparison to its peers, Finolex Industries has a PE ratio of 29.85 and an EV to EBITDA of 27.39, while Supreme Industries is considered very expensive with a PE ratio of 60.2 and an EV to EBITDA of 38.65.
Despite the recent stock performance showing a decline of 39.27% over the past year compared to a 3.64% gain in the Sensex, the current valuation metrics suggest that Apollo Pipes is positioned more favorably than some of its peers in the industry. The PEG ratio stands at 0.00, indicating potential for growth, although the return on equity (ROE) is relatively low at 4.12%. Overall, Apollo Pipes appears to be fairly valued in the current market context.